PSU NEWS
NTPC to take over Rajasthan Chhabra power plant
JAIPUR. Rajasthan govt will transfer the 1000 MW Chhabra power plant to NTPC in an asset-for-equity deal, followed by two plants of 660 MW each after their completion
AES India, Adani Power, Tata Power-ICICI were in race for acquiring the Rajasthan power project, Mint had reported
A statement from the Rajasthan government said that eventually two more units of 660 MW each will be transferred to NTPC after their completion. The statement did not mention the valuation of the assets or the equity it would get in NTPC.
“After transfer of Chhabra thermal power plant to NTPC, the state government will receive equity as per latest valuation, and the losses being incurred from Chhabra will stop after transfer of the plant and debt liabilities of the state government shall also be reduced,” said the statement. MINT
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